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Increased car sales are likely to move the naphthenic base oil market forward.

The global naphthenic base oil market is expected to grow from $2.20 billion in 2022 to $2.32 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The market is expected to reach $2.80 billion in 2027 at a CAGR of 4.8%.

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Global Naphthenic Base Oil Market Segments Include:

• By Viscosity Index: 35-60 SUS, 80-130 SUS, 200-300 SUS, 400-800 SUS, Above 800 SUS
• By Application: Metal Working, Process Oil, Electrical Oil, Industrial Lubes And Grease, Rubber Oil, Other Applications
• By End-User: Automotive Industry, Aerospace Industry, Marine Industry, Energy Industry, Oil and Gas Industry, Textile Industry, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global naphthenic base oil market in 2021.

Major Market Players in the naphthenic base oil market Calumet Specialty Products Partners L.P., Apar Industries Ltd., Ergon International Inc., Nynas AB, PetroChina Company Limited, Lubline LLC, Eastern Petroleum Pvt. Ltd.

Technological developments will be a prominent trend in the naphthenic base oil market in the future. To increase their market position, major businesses in the naphthenic base oil industry are introducing revolutionary technologies. For example, Nynas AB, a Swedish maker of speciality naphthenic oils, will offer NYTRO® RR 900X in October 2022, a fluid designed for circular transformers that employs the most potent and efficient re-refining technique. With the advent of the NYTRO RR 900X, the firm allows utilities and OEMs to engage in the circular economy and contribute to greenhouse gas reduction targets. The Nynas re-refining process recovers precious molecules that are no longer useful in their current state, making the most of the fluid’s initial manufacturing impact.

The Naphthenic Base Oil Global Market Report 2023  provides a naphthenic base oil market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The naphthenic base oil market forecast analyzes naphthenic base oil market size, naphthenic base oil market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Pale oil, commonly known as naphthenic base oil, is a form of group V base oil produced by hydro-treating sweet crude distillates at pressures greater than 2500 psi. Metalworking fluids, greases, and industrial lubricants are typically made from naphthenic base oil.

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